Chakraborty, Avik, 1975-
Haynes, Stephen E., 1945-
2005-12-15T16:43:08Z
2005-12-15T16:43:08Z
2005-09-15
http://hdl.handle.net/1794/1928
23 p.
This paper explores from a new perspective the forward premium puzzle, i.e., why a regression of the change in the future spot exchange rate on the forward premium paradoxically yields a coefficient that is frequently negative. This traditional specification is compared theoretically and empirically to a "level" regression of the future spot rate on the current forward rate, which does not display the puzzle. We explore both non-rationality and risk premium explanations. The general conclusionis that, with non-rationality, any modest deviation from unity in the level coefficient becomes greatly magnified in the forward premium coefficient because of the stationary/nonstationary properties of the relevant variables, thereby generating the puzzle.
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en_US
University of Oregon, Dept of Economics
University of Oregon Economics Department Working Papers ; 2005-18
Forward premium puzzle
Spot and forward exchange rates
Foreign exchange market efficiency
Non-rationality in foreign exchange markets
Econometrics of the forward premium puzzle
Working Paper

Bonner, Kristin
Hibbard, Michael
2006-02-16
2006-02-16
2002-07-15
http://hdl.handle.net/1794/2272
16 p.
Cooperative, community-level approaches to environmental management are emerging in a variety of contexts, in Oregon and elsewhere. The rise of these approaches has led to a new appreciation of the possibility of watershed restoration projects that also foster good jobs and strong local businesses. With millions of dollars to spend on its mission, the Oregon Watershed Enhancement Board (OWEB) plays a significant role in supporting local economies through grants to watershed councils, Soil and Water Conservation Districts (SWCDs), and other local restoration activities. The aim of this study is to document the level of that support. The specific question addressed by the study is: Did OWEB's 1997-99 grants improve socio-economic conditions in local communities in Oregon? To answer this question, the Ecosystem Workforce Program reviewed a sample of 1997-99 OWEB grants and also conducted telephone interviews with selected grantees. The purpose of the interviews was to help us understand the patterns of expenditure we found while reviewing the files. In conclusion, this study finds that OWEB grants and program expenditures improve or maintain economic stability in Oregon communities.
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en_US
Ecosystem Workforce Program, Institute for a Sustainable Environment, University of Oregon
EWP Briefing Paper ; No. 4 (July 15, 2002)
Watershed restoration -- Oregon
The economic and community effects of Oregon Watershed Enhancement Board investments in watershed restoration
Other

Krause, Kate
Harbaugh, William
2003-08-07T23:16:57Z
2003-08-07T23:16:57Z
2001-06-01
http://hdl.handle.net/1794/56
This paper describes some simple economic experiments that can be done using children as subjects. We argue that by conducting experiments on children economists can gain insight into the origins of preferences, the development of bargaining behavior and rationality, and into the origins of "irrational" behavior in adults. Most of the experiments are exploratory, and the objective is as much to learn how to conduct economic experiments on children and suggest avenues for further research as to describe specific results. Preliminary results suggest that while children are very different from adults in some ways, such as their rate of time preference, they are very similar in others, such as their bargaining and altruistic behavior. We also find that children can make choices that generally satisfy the usual transitivity test for rationality, and that in some ways they may even be more rational than adults. The paper includes protocols which can be used to replicate the experiments.
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en_US
University of Oregon, Dept. of Economics
University of Oregon Economics Department Working Papers;1999-1
Microeconomics
Economics -- Methodology
Economic Experiments That You Can Perform At Home On Your Children
Working Paper

Evans, George W., 1949-
Honkapohja, Seppo, 1951-
2003-12-15T19:39:41Z
2003-12-15T19:39:41Z
2003-06-23
http://hdl.handle.net/1794/132
We introduce the E-correspondence principle for stochastic dynamic expectations models as a tool for comparative dynamics analysis. The principle is applicable to equilibria that are stable under least squares and closely related learning rules. With this technique it is possible to study, without explicit solving for the equilibrium, how properties of the equilibrium are affected by changes in the structural parameters of the model. Even if qualitative comparative dynamics results are not obtainable, a quantitative version of the principle can be applied.
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en_US
University of Oregon, Dept of Economics
University of Oregon Economics Department Working Papers;2003-27
The E-Correspondence Principle
Working Paper

Hibbard, Michael
Karle, Kristen M., 1975-
2006-02-15T22:22:58Z
2006-02-15T22:22:58Z
2001
http://hdl.handle.net/1794/2263
33 p.
This paper is an assessment of a three year demonstration project to test the possibilities of community forestry for community development. The demonstration actively promotes community forestry in four rural Oregon communities. The research question is: To what extent does the community forestry approach to environmental management contribute to enhancing community problem solving capacity? The assessment uses a quasi-experimental design, comparing the four demonstration (“experimental”) communities with two control communities. Baseline socio-economic data were collected on all six communities in 1998, and follow-up data in Summer, 2001. Data sources include existing demographic, social, and economic statistics; household surveys; and indepth interviews. We begin by describing the situation of our study communities and, by extension, that of agricultural and resource-based communities in general. We then briefly discuss some of the theoretical underpinnings of collaborative stewardship and community forestry in the context of community development. Next we present the results of the demonstration project. And finally, we draw conclusions.
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en_US
Ecosystem Workforce Program, Institute for a Sustainable Environment, University of Oregon
EWP Working Paper ; No. 4 (Fall 2001)
Ecosystem restoration
Restoration ecology
Ecosystem restoration as socio-economic development? An assessment of the possibilities
Working Paper

Lambert, Peter J.
Lanza, Giuseppe
2003-08-07T21:43:11Z
2003-08-07T21:43:11Z
2003-06-10
http://hdl.handle.net/1794/54
We examine the effect on inequality of increasing one income, and show that for two wide classes of indices a benchmark income level or position exists, dividing upper from lower incomes, such that if a lower income is raised, inequality falls, and if an upper income is raised, inequality rises. We provide a condition on the inequality orderings implicit in two inequality indices under which the one has a lower benchmark than the other for all unequal income distributions. We go on to examine the effect on the same indices of simultaneously increasing one income and decreasing another higher up the distribution, deriving results which quantify the extent of the "bucket leak" which can be tolerated without negating the beneficial inequality effect of the transfer. Our results have implications for the inequality impacts of different income growth patterns, and of redistributive programmes (leaky or not), which are briefly discussed.
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en_US
University of Oregon, Dept. of Economics
University of Oregon Economics Department Working Papers;2003-15
Income inequality
The effect on inequality of changing one or two incomes
Working Paper

Blonigen, Bruce A. (Bruce Aloysius)
Davies, Ronald B.
2003-08-13T19:13:25Z
2003-08-13T19:13:25Z
2001-01-01
http://hdl.handle.net/1794/81
The effects of bilateral tax treaties on FDI activity have been unexplored, despite significant ongoing activities by countries to negotiate and ratify these treaties. This paper estimates the impact of bilateral tax treaties using both U.S. inbound and outbound FDI over the period 1966-1992. Robust to a wide variety of alternative specifications, we find no evidence that bilateral tax treaties increase FDI activity, contrary to OECD-stated goals for such treaties. In fact, our estimates suggest that for our sample there may instead be economically and statistically significant negative effects of new bilateral tax treaties on U.S. outbound activity to the tax treaty partner country. These findings are consistent with claims that tax treaties are not intended to improve capital flows, but rather to reduce tax evasion through transfer pricing practices or otherwise.
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en_US
University of Oregon, Dept. of Economics
University of Oregon Economics Department Working Papers;2001-14
Foreign direct investment
Tax treaties
Multinational corporations
Public economics
The Effects of Bilateral Tax Treaties on U.S. FDI Activity
Working Paper

Teague, Edward H., 1952-
2011-04-18T17:19:25Z
2011-04-18T17:19:25Z
2011-04-18
http://hdl.handle.net/1794/11095
The continuation sheet is the result of research conducted by Edward Teague involving the architect Edgar Lazarus. The research makes use of resources utilized by historic preservation and other programs served by Teague in his role as subject specialist.
The continuation sheet to the National Register documentation of the Electric Building identifies a major error in the National Register documentation. The sheet was submitted to the State Historic Preservation Office for submission to the Washington, D. C., office of the National Register.
en
Historic preservation
Built works
Architecture
Electric Building (Portland, Or.)
National Register of Historic Places
Oregon. State Historic Preservation Office
Electric Building, National Register of Historic Places Nomination -- Continuation Sheet
Technical Report

Cameron, Trudy Ann
Gerdes, Geoffrey R.
2003-08-20T16:24:09Z
2003-08-20T16:24:09Z
2003-01-01
http://hdl.handle.net/1794/112
Longstanding debate over the appropriate social discount rate for public projects stems from our lack of knowledge about how individual discount rates vary across people and across choice contexts. Using a sample of roughly 15,000 choices by over 2000 individuals, we estimate utility theoretic models concerning private tradeoffs involving money over time that reveal individual specific discount rates. We control for experimentally differentiated choice scenarios, sociodemographic heterogeneity, and elicitation formats, and complex forms of heteroscedasticity. Statistically significant heterogeneity in discount rates is quantified for both an exponential discounting model and a competing hyperbolic model, but neither specification clearly dominates.
435200 bytes
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en_US
University of Oregon, Dept. of Economics
University of Oregon Economics Department Working Papers;2003-10
Microeconomics
Public economics
Mathematical and quantitative methods
Eliciting Individual-Specific Discount Rates
Working Paper